BlockBeats news, October 31: ICE, the parent company of the New York Stock Exchange, has reposted its collaboration announcement with Trade.xyz on its official X account, adjusting the wording to include phrases such as "plans to introduce" and "subject to regulatory approval."
The announcement states: ICE and Trade.xyz plan to introduce Hyperliquid-based perpetual contracts to the United States. If regulatory approval is obtained, ICE will operate a U.S.-regulated version of the Trade.xyz market, leveraging Trade.xyz's expertise as the leading deployer of real-world asset perpetual contracts on Hyperliquid. The new trading venue will operate independently of ICE's institutional futures business, offering a trading experience designed specifically for retail participation. Once launched, U.S. traders will be able to trade a variety of assets covering macro markets 24/7, including: crypto assets, equities, indices, commodities, and foreign exchange.
Users will access the platform through U.S.-regulated Futures Commission Merchants (FCMs), which will conduct KYC/AML screening, including a joint venture between ICE and OKX. ICE and Trade.xyz will seek the relevant approvals to launch a KYC-compliant perpetual contract market based on Hyperliquid, including applying for the regulatory approvals required to support leveraged trading.
Crypto journalist Eleanor Terrett said that ICE's deletion of the original post last night had caused mild panic among some users on X, with concerns that the collaboration had been canceled. She speculated that the new announcement's greater emphasis on qualifying conditions may simply reflect extra caution from the legal team.
